GBP/USD rises past 1.3550 as US–Japan trade deal fuels risk-on rally
The GBP/USD rose more than 0.30% on Wednesday, boosted by an upbeatrisk appetitefollowing the announcement of the US-Japan trade deal, which increased demand for high-beta currencies like the British Pound and other commodity currencies. At the time of writing, the pair trades at 1.3574, having hit a daily low of 1.3515. Read More…
Pound Sterling gains against USD despite US-Japan trade agreement confirmation
The Pound Sterling (GBP) gains against its peers, except antipodeans, on Wednesday. The British currency attracts bids even as United Kingdom (UK) fiscal risks have resurfaced, following the government borrowings report from the Office for National Statistics (ONS) on Tuesday. Read More…
GBP/USD extends upside above 1.3500 on risk-on sentiment
The GBP/USD pairextends the rally to near 1.3525 during the early European session on Wednesday. The risk-on mood provides some support to the riskier currency, like the Pound Sterling (GBP). Investors will keep an eye on the preliminary reading of UKPurchasing Managers Index (PMI) reports, which are due later on Thursday. Read More…
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